Climate: debt rise, credit falls for 59 nations as early as 2030BY ROSE MARY PETRASS | FRIDAY, 11 AUG 2023 10:35AMThe global financial system will see progressive deterioration of sovereign credit ratings in 59 countries due to climate-related factors, resulting in a substantial rise in both corporate and sovereign debt by tens of billions of dollars from 2030. |
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Green moves: Frontier Advisors, OMERS
Frontier Advisors has appointed former Principles for Responsible Investment (PRI) specialist Aneesha Singh as responsible investments consultant, strengthening its advice to asset owners on climate, sustainability and responsible investment.
Australian Ethical drops KPMG as auditor
Australian Ethical will drop its decade-long auditor KPMG and will soon begin the competitive tender process for a new external auditor from FY28.
Philanthropies join forces on Australia's catalytic capital
Four Australian philanthropic foundations have united to establish the Catalytic Capital Consortium Australia (C3 Australia), a partnership designed to increase the flow of catalytic capital in Australia.
Instos call for global nature disclosure standard
Fifteen financial institutions have called on global sustainability standard-setters to develop a dedicated nature-related disclosure standard, warning that a fragmented approach could undermine investor comparisons and efforts to address biodiversity loss.
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